Apple 'not wedded' to iPhone sales model |
| MarketWatch - Feb 28, 2008 |
Apple Inc. is open to exploring new ways of selling its iPhone, Apple Chief Operating Officer Tim Cook said Wednesday.
Cook also made bullish comments about the impact of any economic headwinds, and said the company is confident it will meet the 2008 target for iPhone sales. He also hinted of a bigger iPhone development to come later this month.
Shares of Apple stock were trading up $4.35, or 3.5%, to $127.31 after-hours.
Apple thus far has sold its iPhone, a combination of phone and media player, by giving individual carriers the exclusive rights to sell it in their home country. The strategy has been criticized for limiting the iPhone's potential sales, and leaving potential business on the table. At last report, Apple's sold 4 million iPhones.
Read Full Article from MarketWatch
- Posted: 2008-02-28 10:01:36
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